Opera (NASDAQ:OPRA) CEO Lin Song Sells 44,400 Shares

Opera Limited Sponsored ADR (NASDAQ:OPRA) CEO Lin Song sold 44,400 shares of the stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $18.52, for a total transaction of $822,288.00. Following the transaction, the chief executive officer owned 120,846 shares in the company, valued at approximately $2,238,067.92. This represents a 26.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

Lin Song also recently made the following trade(s):

• On Wednesday, June 17th, Lin Song sold 25,600 shares of Opera stock. The shares were sold at an average price of $18.88, for a total transaction of $483,328.00.

Opera Stock Up 0.5%

Shares of NASDAQ:OPRA opened at $18.62 on Tuesday. The firm has a 50 day moving average of $17.80 and a 200 day moving average of $15.33. The company has a market capitalization of $1.67 billion, a price-to-earnings ratio of 14.78 and a beta of 1.30. Opera Limited Sponsored ADR has a 52 week low of $11.71 and a 52 week high of $21.06.

Opera (NASDAQ:OPRA) last announced its earnings results on Saturday, February 14th. The company reported $0.30 earnings per share (EPS) for the quarter. Opera had a return on equity of 8.54% and a net margin of 17.72%.The business had revenue of $176.65 million for the quarter. On average, sell-side analysts expect that Opera Limited Sponsored ADR will post 1.12 EPS for the current year.

Opera Announces Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, July 7th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, July 7th. This represents a yield of 441.0%. Opera’s dividend payout ratio (DPR) is presently 61.90%.

Institutional Trading of Opera

A number of institutional investors have recently made changes to their positions in OPRA. Parallel Advisors LLC grew its stake in Opera by 459.5% during the 1st quarter. Parallel Advisors LLC now owns 3,038 shares of the company’s stock worth $43,000 after buying an additional 2,495 shares during the last quarter. Bradley Foster & Sargent Inc. CT raised its stake in Opera by 35.3% in the first quarter. Bradley Foster & Sargent Inc. CT now owns 29,146 shares of the company’s stock valued at $416,000 after buying an additional 7,607 shares during the last quarter. Ascentis Independent Advisors acquired a new stake in Opera in the first quarter worth about $141,000. Harvey Capital Management Inc. boosted its holdings in Opera by 0.9% in the fourth quarter. Harvey Capital Management Inc. now owns 100,950 shares of the company’s stock worth $1,429,000 after acquiring an additional 925 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its stake in shares of Opera by 305.1% during the fourth quarter. Janney Montgomery Scott LLC now owns 91,016 shares of the company’s stock worth $1,289,000 after acquiring an additional 68,549 shares during the last quarter. Institutional investors and hedge funds own 10.21% of the company’s stock.

Analysts Set New Price Targets

OPRA has been the subject of a number of recent research reports. TD Cowen reiterated a “buy” rating on shares of Opera in a report on Friday, March 13th. Weiss Ratings restated a “hold (c)” rating on shares of Opera in a report on Friday, March 27th. Wall Street Zen raised shares of Opera from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Zacks Research lowered shares of Opera from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $21.50.

Opera Company Profile

Opera Limited (NASDAQ: OPRA) is a global software and internet services company best known for its cross-platform web browsers, including the flagship Opera Browser, Opera Mini for mobile devices and Opera GX designed for the gaming community. The company integrates features such as ad blocking, built-in VPN services and a cryptocurrency wallet into its desktop and mobile applications, aiming to deliver fast, secure and feature-rich browsing experiences to hundreds of millions of users worldwide.

Beyond its consumer-facing browsers, Opera operates Opera News, a personalized content and news aggregation platform with a strong presence in Africa and Asia, and Opera Ads, a digital advertising network that leverages user-behavior data to provide targeted ad placements across devices.